{"id":18783,"date":"2019-07-19T10:56:20","date_gmt":"2019-07-19T13:56:20","guid":{"rendered":"https:\/\/www.ccbc.org.br\/publicacoes\/uncategorized\/time-of-reforms\/"},"modified":"2023-02-09T09:09:20","modified_gmt":"2023-02-09T12:09:20","slug":"time-of-reforms","status":"publish","type":"post","link":"https:\/\/www.ccbc.org.br\/en\/publicacoes\/artigos-ccbc-en\/time-of-reforms\/","title":{"rendered":"Time of reforms"},"content":{"rendered":"

Structural changes in the economy\u00a0<\/span><\/span>can\u00a0<\/span><\/span>make Brazil even more attractive to international\u00a0<\/span><\/span>c<\/span><\/span>ompanies and investors<\/span><\/span><\/span><\/span>\u00a0<\/span><\/h1>\n

By\u00a0S\u00e9rgio\u00a0Siscaro\u00a0and\u00a0Estela\u00a0Cangerana<\/p>\n

 <\/p>\n

One of the ten largest economies in the world, with a Gross Domestic Product (GDP) of R$ 6.8 trillion in 2018 (around US$ 2 trillion) and consumer market estimated at 210 million people.\u00a0It takes a\u00a0quick look at statistics\u00a0to see\u00a0Brazil’s enormous potential for doing business with international companies and investors. But the largest country in Latin America may reveal even more positive surprises for those interested in\u00a0taking a deeper look.<\/p>\n

After going through times of political and economic instability\u00a0in recent years, Brazil has resumed the path of growth, with stability, sustainability and a consistent agenda of structural reforms that will further consolidate its relevant position in the global scenario, as shown by several indicators. The International Monetary Fund (IMF) estimate for the expansion of Brazilian GDP this year is 2.1%, after rising 1.1% in 2018.<\/p>\n

Foreign Direct Investment (FDI)\u00a0has grown\u00a0again. In 2018, it totaled US$ 59 billion, placing Brazil in the 9th position among the main destinations of these\u00a0funds\u00a0in the world, according to data from the United Nations Conference on Trade and Development (UNCTAD). In the first four months of 2019, FDI reached US$ 28 billion, an increase of 17.5% over the same period of last year, according to statistics from the Central Bank of Brazil. The expectation is that this year will close with\u00a0another\u00a0US$ 90 billion in direct investments.<\/p>\n

In 2018, the 311 Brazilian listed companies on the B3 stock exchange registered total profits of R$ 241.1 billion – 106.8% more than in the previous year, according to\u00a0Econom\u00e1tica<\/i>. Business involving domestic companies has been\u00a0in the spotlight\u00a0in the international press – such as Avon’s recent acquisition\u00a0by\u00a0Brazilian cosmetic manufacturer Natura, and the joint venture between Boeing and Embraer. In the global field, the country has just received official support from the United States government to join the Organization for Economic Cooperation and Development (OECD).<\/p>\n

Internal potential<\/b><\/p>\n

The data consolidate Brazil as an important global economic player. But it is also relevant to understand\u00a0its\u00a0huge internal\u00a0potential. Brazilian climatic and geographical variation offers differentiated opportunities for wealth generation\u00a0\u2013\u00a0such as\u00a0agribusiness or mineral extraction, for example. The complexity of its economy favors a diversified industrial and service sector. In addition,\u00a0Brazilian startups\u00a0in many sectors,\u00a0especially\u00a0agritechs\u00a0and\u00a0fintechs,\u00a0have\u00a0been\u00a0developing\u00a0innovative solutions.<\/p>\n

To accelerate the path of economic growth,\u00a0pension and tax\u00a0reforms are underway, in order to give private\u00a0initiative\u00a0the conditions to be more competitive. Other changes refer to the need to carry out strategic infrastructure projects, which are indispensable for a country of continental dimensions – such as the duplication of highways, the expansion of port facilities and airports, the recovery of the rail network and the execution of basic sanitation works.<\/p>\n

The current moment\u00a0opens up\u00a0many possibilities for outside investors – and Canada is no exception. An example is the interest of the Canada Pension Fund Investment Board (CPPIB), which is already a controlling shareholder of\u00a0Cesp\u00a0energy company. The\u00a0possible\u00a0privatization of companies should further attract the interest of Canadian capital in Brazil.<\/p>\n

Foreign trade between Brazil and Canada also has great potential for growth. In addition to exports and imports, in 2018 Brazilian\u00a0trade\u00a0chain\u00a0registered US$ 421,120 billion, equivalent to 14.3% more than the US$ 368.5 billion recorded in the previous year. Its main\u00a0foreign\u00a0partners are the United States, China, Argentina and Europe – traditional markets for both the purchase and sale of goods and services. In this context, Canada emerges as an attractive market for Brazilian products and vice versa. The closer commercial relationship between the two countries brings with it the benefits of market diversification and the complementarity of products and services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Structural changes in the economy\u00a0can\u00a0make Brazil even more attractive to international\u00a0companies and investors\u00a0 By\u00a0S\u00e9rgio\u00a0Siscaro\u00a0and\u00a0Estela\u00a0Cangerana   One of the ten largest economies in the world, with a Gross Domestic Product (GDP) of R$ 6.8 trillion in 2018 (around US$ 2 trillion) and consumer market estimated at 210 million people.\u00a0It takes a\u00a0quick look at statistics\u00a0to see\u00a0Brazil’s enormous […]<\/p>\n","protected":false},"author":7,"featured_media":18780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[118],"tags":[],"class_list":["post-18783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artigos-ccbc-en"],"cp_meta_data":{"_wpml_word_count":["{\"total\":0,\"to_translate\":{\"en\":621,\"fr\":621,\"pt-br\":621,\"zu\":621}}"],"_alp_processed":["1675944560"],"_wpml_media_duplicate":["1"],"_wpml_media_featured":["1"],"_et_pb_page_layout":["et_no_sidebar"],"_et_pb_side_nav":["off"],"_et_pb_post_hide_nav":["default"],"_et_pb_show_title":["on"],"_et_pb_use_builder":[""],"_et_pb_old_content":[""],"_et_pb_ab_stats_refresh_interval":["hourly"],"_et_pb_enable_shortcode_tracking":[""],"_et_pb_custom_css":[""],"_et_post_bg_color":["#ffffff"],"_et_post_bg_layout":["light"],"_top_nav_excluded":[""],"_cms_nav_minihome":[""],"_yoast_wpseo_opengraph-image":["https:\/\/www.ccbc.org.br\/wp-content\/uploads\/2019\/07\/momento-de-reformas-artigo-ccbc-3.jpg"],"_yoast_wpseo_twitter-image":["https:\/\/www.ccbc.org.br\/wp-content\/uploads\/2019\/07\/momento-de-reformas-artigo-ccbc-3.jpg"],"_thumbnail_id":["18780"],"_yoast_wpseo_opengraph-image-id":["18779"],"_wpml_media_has_media":["1"],"_last_translation_edit_mode":["translation-editor"],"_yoast_wpseo_opengraph-description":["Structural changes in the economy can make Brazil even more attractive to international companies and investors. By S\u00e9rgio Siscaro and Estela Cangerana"],"_yoast_wpseo_twitter-title":["CCBC's Articles: Time of reforms"],"_yoast_wpseo_twitter-description":["Structural changes in the economy can make Brazil even more attractive to international companies and investors. By S\u00e9rgio Siscaro and Estela Cangerana"],"_yoast_wpseo_opengraph-title":["CCBC's Articles: Time of reforms"],"_et_builder_dynamic_assets_loading_attr_threshold":["2"],"_encloseme":["1"],"_yoast_wpseo_primary_category":["52"]},"acf":[],"_links":{"self":[{"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/posts\/18783"}],"collection":[{"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/comments?post=18783"}],"version-history":[{"count":0,"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/posts\/18783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/media\/18780"}],"wp:attachment":[{"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/media?parent=18783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/categories?post=18783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ccbc.org.br\/en\/wp-json\/wp\/v2\/tags?post=18783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}